🏠💰Easy Cosmetic Flip | SFH | 70K+ Spread 💸 | Lynwood, IL

Cook County, Lynwood, IL, 60411
Sold
Listed at: September 16th, 2024
Price
$204,000
ARV
$280,000
Gross Margin
$76,000
Sq. Footage
1846
Type
Single-Family
Parking
Attached Garage
Year build
1985
Lot size
6600.00 sqft
Bedrooms
3
Bathrooms
1
Half Bathrooms
1
Summary

Address: 20116 Redwood Ave, Lynwood, IL 60411

Single Family Home - 3 bedrooms / 1.5 bathrooms  

Property is Occupied. Contact the Dispo Manager for access. Closing Vacant

Deal Takeaways:

  • Interior cosmetic flip with good spread in the deal

Comps:

  • 20145 Cypress Ave, Lynwood, IL 60411 - sold for $280,000 
  • 20132 Catalpa Ave, Lynwood, IL 60411 - sold for $270,000
  • 20113 Redwood Ave, Lynwood, IL 60411 - sold for $240,000
  • 20013 Orchard Ave, Lynwood, IL 60411 - sold for $300,000
  • 20084 Crescent Ave, Lynwood, IL 60411 - sold for $279,000
  • 19712 Lake Lynwood Dr, Lynwood, IL 60411 - sold for $300,000

Financials:

ARV: $280,000

Purchase Price: $204,000

Estimated Profit Details (Flipper/MLS Sale):

ARV: $280,000

(*) 94% for sale commissions

(-) $204,000 purchase price

(-) $20,000 estimated flip/rehab costs

(-) $5,000 esti. closing / holding cost

(=) $34,200 profit

Property Details:

1,846 Home Square Feet

6,600 SQFT Lot Size

Closing on Sep 30th, 2024

Padua Partners Acquisitions assumes no liability for the accuracy of any estimates or information provided. End buyers must conduct own due diligence. The property is to be sold as-is. Proof of funds is required. Cash or hard money only. End buyer pays all closing costs and fees associated with this transaction. $5,000 Non-Refundable EMD needed to secure the contract.
Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Samuel Wooten

No reviews

Disposition manager